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$HAL said revenue in North America declined 15% with margins moving down to an operating loss of 8%. The main drivers were the impact of reduced pricing in activity in the company's stimulation, wireline and drilling product lines. The company said Latin America revenue fell 12% and operating income declined 54%.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.